Broker Buys On The Dip
Despite yet another volatile week for global stocks, with US and European markets swinging wildly, the Australian market was relatively calm and actually finished the week 1.64% higher. TheBull PREMIUM’s Bull of the Week last week, Rio Tinto’s takeover target Coal & Allied, led the way with a 28% surge, while JB Hi-Fi (+10.8%) and…
Is Wesfarmers (WES) a safehaven in troubled times?
Wesfarmers has for years defied contemporary business logic by continuing to perform as one of the world’s most profitable conglomerates. Decades ago, the idea of individual companies diversifying their income streams by acquiring unrelated companies was in favor. In a rush to get in on the game, many large corporations went on acquisition binges. Like…
BROKER BUYs: upgrades from brokers Australia-wide
OM Holdings (OMH) Closing price $1.025 Weekly change $+0.135 % change +15.1% Broker Calls Macquarie – BUY Euroz – BUY RBS – HOLD CHART Chart: Share price over the year to 08/07/2011 versus ASX200 (XJO) The decision by manganese business OM Holdings to cancel plans for a listing on the Hong Kong sharemarket is a…
Stock of the Week – wealth manager performing despite the crisis
Stock: IOOF Holdings Limited Stock code: IFL Share Price: $6.45 (as at close 17/06/11) P/E Ratio: 13.66 (Sector P/E 13.71) Market Cap: $1,482,000,000 Broker Buy Recommendations: Morningstar, $7.85 target (17th June 2011, share price was $6.45 that day) Patersons Securities (14th June 2011, share price was $6.46 that day) RBS Australia, $7.96 target (16th May…
